US Tariffs: Unpacking the Hidden Costs of Unilateral Protectionism
Unilateral US tariffs may protect domestic producers, but hidden costs—from higher import prices to supply chain strains—affect consumers and businesses.
TradePolicy
Tariff Rollback Brings Holiday Relief for U.S. Toy Makers
U.S. toy makers welcome a 90-day rollback of tariffs on goods from the Chinese mainland, cutting duties from 145% to 30% and easing holiday inventory and price pressures.
California Moves to Block Trump’s Tariffs Amid $25B Impact and 64K Job Losses
California asks a federal court to block Trump’s tariffs, warning of a $25B hit and 64,000 job losses as the legal battle unfolds.
US, China Slash Tariffs by 115 Points in Diplomatic Breakthrough
US and China agree to cut tariffs by 115 points, reigniting markets and launching a 90-day trade dialogue.
U.S. Drops 91% Surcharge on Goods from the Chinese Mainland
U.S. terminates additional 91% tariffs on goods from the Chinese mainland as of May 14; China’s Ministry of Commerce says it will adjust tariff and non-tariff measures on U.S. imports.
Chinese mainland Slashes U.S. Tariffs to 10% Starting May 14
On May 14, the Chinese mainland cuts U.S. tariffs from 34% to 10% and pauses a 24% levy for 90 days, marking a shift in trade policy.
China: U.S. Fentanyl Tariffs Undermine Anti-Drug Cooperation
China says U.S. fentanyl tariffs have hurt bilateral anti-drug dialogue, urging Washington to engage in equal, respectful talks instead of blame-shifting.
After Geneva Talks, U.S. Must Make Its Words Count
After two days of US-China talks in Geneva, both sides agreed on a new economic consultation mechanism. Experts say the U.S. must turn its words into action to stabilize global supply chains.
U.S. Small Businesses Sound the Alarm on Tariffs
U.S. small business owners weigh the impact of recent tariffs on costs and supply chains as they navigate uncertainty, from Virginia loggers to artisan workshops.
US Bid to Dismantle the Chinese Mainland’s Competitiveness Bound to Fail
Economist Guan Qingyou says the US bid to dismantle the Chinese mainland’s competitiveness through tariffs is bound to fail, calling the strategy a regressive counter-current.